I don’t consider myself a financial advisor or expert, but I’ve been trading stocks for over a decade and wanted to delve into mutual funds with my retirement portfolio. Most of my colleagues picked a “target date” (of retirement), and allocate their entire portfolio to a single mutual fund blended with domestic/international assets, bonds, etc. Instead, I wanted to play around with a more aggressive approach.
Invest equally across the four following assets: Fidelity® Contrafund® K (FCNKX), Fidelity Freedom® 2050 K (FNSBX), Fidelity® 500 Index (FXAIX), and Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX). At the time of this writing, here’s a breakdown:
Drop me a comment with your thoughts or any financial recommendations!